Will auto industry woes derail lead, platinum?
The recent sales figures coming out of the automotive industry in Detroit have been awful, leading to layoffs at some of the Big Three auto makers and at auto parts suppliers. Since cars are among the…
2008
EXCHANGE RATES (July 21, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date July 14 July 11 July 10 July 9 July 8 US$ in C$ 1.0061 1.0092 1.0102 1.0108 1.0207 C$ in US$ 0.9939 0.9909 0.9899 0.9893 0.9…
Boreal plan could be bad news for miners
Mining, forestry and all other kinds of development will be banned from nearly half of Ontario’s northern boreal region, the Ontario Liberal government has announced.
METALS COMMENTARY (July 21, 2008)
In the next 12 months, Citigroup Global Markets thinks Alcoa is going to move to US$50 per share from US$32.78 on the back of stronger aluminum prices.
Editorial: Good news for US miners in Ninth Circuit
During the week ended July 12, the 28th trading week of 2008, miners active in the western U. S. soaked in a rare bit of good news from the U. S. court system.
AMEC hired as engineering team for Afton/Ajax project
Vancouver-based Abacus Mining & Exploration (AME-V) has hired AMEC Americas to build an updated mineral resource model and carry out the necessary engineering work at the company’s Afton- Ajax pro…
Taseko spends $100M on Gibraltar mine equipment
Vancouver-based Taseko Mines (TKO-T, TGB-X) has purchased $100 million worth of mining and milling equipment from Bucyrus International (BUCY-N).
U. S. MARKETS JULY 8-14
It was another chilling week for the U. S. markets as Treasury Secretary Henry Paulson and his team scrambled to come up with a rescue plan for troubled housing giants Fannie Mae and Freddie Mac. Fann…
TSX VENTURE EXCHANGE JULY 8-14
The July 8-14 trading session was not particularly kind to the S&P-TSX Venture Composite Index — the board lost 100.03 points over the week to close at 2,378.34. The summer trading doldrums were …
TORONTO STOCK EXCHANGE JULY 8-14
The July 8-14 trading period saw the TSX Composite Index inch higher after last period’s tough losses. The index finished at 13,741.29, up 28.49 points.
Nevada Geothermal Power borrowing US$145M for generating plant
Nevada Geothermal Power (NGP-V, NGLPF-O) is planning to borrow US$145 million from a banking syndicate led by Morgan Stanley (MS-N) and Glitnir Capital to build a geothermal power plant at Blue Mounta…
PEOPLE (July 21, 2008)
Abacus Mining & Exploration– Victor Lazarovici appointed a director.